12-Apr-2024
2 mins read
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Emmforce Autotech IPO is open for subscription starting Tuesday, April 23, 2024, and closing on Thursday, April 25, 2024. The price band of this upcoming IPO is decided at Rs 93 to Rs 98 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,17,600 (98x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,35,200 (98 x 2400 shares). Emmforce Autotech IPO is a book-built issue of Rs 53.90 crores. This upcoming IPO is a fresh issue of 55 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, April 26, 2024. Emmforce Autotech IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 30, 2024. The book-running lead manager of Emmforce Autotech IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Link Intime India Private Limited. The market maker of this issue is Spread X Securities.
About Emmforce Autotech Limited
Emmforce Autotech Limited was a leading automotive products manufacturing company that has been serving since 1993. The company's product list includes differential housing, differential locks, differential covers and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles. Emmforce Autotech manufactures almost everything that puts your vehicle's power to the ground. Company has established itself as a leading manufacturer of Drivetrain parts in India. Automotive intelligence fuels the professionals through working with OEMs, performance racing Enthusiasts and hardcore reverse engineering. The company has a huge inventory of tooling for forging and machining jigs and fixtures for machining. Extra focus on engineering gives it an edge over the competition to develop new parts in a much faster time. Emmforce Autotech manufacturing facility is located in Baddi, Himachal Pradesh. As of October 31, 2023, the company has a working team of 128 employees.
Objectives of Emmforce Autotech IPO
The company will use the funds raised from this issue to invest in its subsidiary, Emmforce Mobility Solutions Private Limited, in debt or equity to meet the working capital requirements. More funds will also be used to keep margin money for the subsidiary's term loans. Other than this, general corporate purposes will also be met.
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Financials of Emmforce Autotech Limited (Amt in Rs Lakhs)
Emmforce Autotech posted a revenue of Rs 4,790.31 lakhs and net profit of Rs 511.78 lakhs for the period ending on 31 Oct 2023. The company’s revenue dropped by -31.7% and PAT decreased by -40.1% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 5,597.13 | 4,895.40 | 5,257.36 | 3,384.41 |
| Revenue | 4,790.31 | 4,875.32 | 7,138.13 | 5,185.32 |
| Profit After Tax | 511.78 | 438.85 | 732.58 | 508.91 |
| Net Worth | 1,500.00 | 2,344.95 | 2,129.09 | 1,524.82 |
| Reserves and Surplus | 43.72 | - | - | - |
| Total Borrowing | 2,404.25 | 1,535.43 | 1,651.09 | 501.7 |
Other Important Details of Emmforce Autotech IPO
| Offer open and close | April 23, 2024 to April 25, 2024 |
| Listing Date | 30-Apr-23 |
| Face Value | Rs 10 per share |
| Price Band | Rs 93 to Rs 98 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,499,600 shares amounting to Rs 53.90 crore |
| Fresh Issue | 5,499,600 shares amounting to Rs 53.90 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 15,000,000 |
| Shareholding post issue | 20,499,600 |
| Market Maker portion | 276,000 shares |
Time-Table of Emmforce Autotech IPO
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate | 5 PM on April 25, 2024 |
Lot Size of Emmforce Autotech IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 1200 | Rs 117,600 |
| Retail - maximum | 1 | 1200 | Rs 117,600 |
| HNI - minimum | 2 | 2,400 | Rs 235,200 |
IPO Reservation of Emmforce Autotech Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Emmforce Autotech Limited IPO
| KPI | Values |
| RoNW | 2.83 |
| P/BV | 9.52 |
| PAT Margin | 8.42 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.93 | 4.28 |
| P/E | 33.5 | 22.9 |
Promoters of Emmforce Autotech Limited and Their Holdings
The promoters of Emmforce Autotech company are Mr. Ashok Mehta, Mrs. Neetu Mehta and Mr. Azeez Mehta.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 73.17 percent |
Lead Manager(s) of Emmforce Autotech IPO
The lead manager for Emmforce Autotech IPO is Beeline Capital Advisors Private Limited.
How do you apply for the Emmforce Autotech IPO?
Wait for the public issue to open for subscription, then click here to apply for the Emmforce Autotech Limited IPO with Bigul.
How do you check the allotment status of Emmforce Autotech IPO?
The registrar for Emmforce Autotech IPO is Link Intime India Limited. To check your allotment status, please click here.
FAQs
1. What is the Emmforce Autotech IPO?
Emmforce Autotech IPO is a book-built issue of Rs 53.90 crores. This upcoming IPO issue is completely a fresh issue of 55 lakh equity shares. The offer for sale component is not available in this issue. The price band of this upcoming IPO is decided at Rs 93 to Rs 98 per share.
2. Who are the lead managers for the Emmforce Autotech Limited IPO?
Beeline Capital Advisors Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Link Intime India Private Limited in this IPO?
Link Intime India Private Limited is the registrar for Emmforce Autotech Limited, handling the IPO's administrative aspects.
4. How can I apply for the Emmforce Autotech IPO?
The public subscription of this new IPO will open on April 23, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The company will utilise the funds raised from this issue to invest in its subsidiary company, Emmforce Mobility Solutions Private Limited in the form of debt or equity for meeting the working capital requirements. More funds will also be used to keep margin money for term loans of subsidiary company.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Emmforce Autotech Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Emmforce Autotech Limited?
Emmforce Autotech posted a revenue of Rs 4,790.31 lakhs and net profit of Rs 511.78 lakhs for the period ending on 31 Oct 2023. The company’s revenue dropped by -31.7% and PAT decreased by -40.1% between the FY ending with March 31, 2023 and March 31, 2022.
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